Daily Review of BPA: Slightly Weakened

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on August 18, 2009: The domestic bisphenol A market is operating within a narrow range and weakening slightly.
On the last trading day (August 17), the mainstream transaction price in East China in the mainstream market dropped slightly to 10,600-10,700 yuan/ton, down 100 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the market opened at the beginning of the week and negotiations were light.
Hearing of less transactions for the time being.
Last week, the bisphenol A market rose and fell, and the overall transaction was cautious.
In view of the high cost of delivery in the later stage, coupled with the limited supply in the domestic market and the low intention of low-price goods, the market is currently operating in a narrow range, and Sinopec Mitsui's equipment has been successfully restarted.
Negotiations on the external market have gradually faded, and the external environment, upstream and downstream dynamics, and changes in market mentality still require attention.
At present, some businesses are profit-taking, but most of them are still more confident about the market outlook in view of the difficulty in replenishing low-priced goods, and their intention to sell goods at low prices is limited and not high.
They mostly wait and see market trends.
The overall domestic supply is still limited.
Sinopec’s Mitsui plant has just restarted, and Bayer Shanghai’s raw materials have been delayed and production has been reduced again.
Recently, the two plants have no external supply, which is undoubtedly good for the spot market.
The total price increase of bisphenol A in the previous period, downstream epoxy resin still needs time to digest.
It is expected that the market will continue to fluctuate within a narrow range.
The current market is slightly calmer and weaker.
Merchants are still quoting high prices and buyers' targets are low.
The two sides are in a stalemate game.

On the last trading day (August 17th), the domestic BPA market consolidated within a narrow range, and the trading between buyers and sellers was slightly stalemate.

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Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name
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